Exhibit 4.6 -For a Downward-Sloping Demand Curve, All Other Things Remaining Constant

question 48

Multiple Choice

Exhibit 4.6

-For a downward-sloping demand curve, all other things remaining constant, a rightward shift of the supply curve _____

• A) has no impact on the equilibrium price and quantity.
• B) decreases both the equilibrium price and equilibrium quantity.
• C) increases both the equilibrium price and equilibrium quantity.
• D) decreases the equilibrium price and increases the equilibrium quantity.
• E) increases the equilibrium price and decreases the equilibrium quantity.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes simultaneously.

Uncomfortable Tension

A psychological state of discomfort arising from contradictory beliefs, thoughts, or feelings.

Beliefs, Attitudes

Mental dispositions reflecting how individuals think or feel about objects, people, or events, influencing how they behave towards them.

Induced Hypocrisy

A psychological condition where individuals are led to recognize the contradiction between their beliefs and behaviors, fostering a change in attitude or behavior.